Australia’s changes to its tax on big gas exporters will deliver little if any additional revenue, analysts say, with any benefits in the short term coming at the expense of future budgets.
The treasurer, Jim Chalmers, heralded the changes to the petroleum resource rent tax (PRRT) as delivering “a fairer return to the Australian community from their natural resources” that would boost receipts by $2.4bn over the four years to 2027-28.
